Philosopher'S Information Center

“Dr. Richard lineback and carolyn lineback are married; l. Merriam and dr. Anne lineback are their daughters. Dr. Anne lineback and ms. L. Merriam are employed to assist with the increased workload resulting from additional records being included in the philosopher's index and, as part of the board of trustees' succession planning, to acquire the entrepreneurial and management skills necessary to publish and market the philosopher's index and operate the philosopher's information center. Dr. Richard lineback and his wife carolyn lineback have been the principal executives and key employees of the philosopher's information center since it was founded in 1967. Richard lineback and carolyn lineback are now in their 80s. They partially retired on june 30th, 2020, but they resumed working full time during 2023. Although full time work has resumed, they have requested reduced compensation at 80% of their pay rate. The independent trustees anticipate that dr. Richard and carolyn lineback will continue their present roles and perform their present duties indefinitely. The board of trustees, however, periodically discusses the future of the philosopher's information center in the event dr. Richard lineback and/or mrs. Lineback are no longer willing or able to continue in their present roles. Several years ago, having failed to identify any employee, trustee or other person with the experience and skills necessary to successfully continue publication of the philosopher's index, other than dr. Richard and mrs. Lineback, the board of trustees sought an alternative solution and encouraged dr. Anne lineback and ms. L. Merriam to acquire the skills necessary to successfully publish, market and operate the philosopher's index. They also charged dr. Richard and mrs. Lineback to assist in this development endeavor. Since that time, dr. Anne lineback and ms. Merriam have continued to assume additional responsibilities and the board of trustees periodically reviews their progress.”

“A copy of form 990 is provided to the organization's governing body with an eight day comment period before filing and is reviewed annually at the annual board meeting.”

“At the annual board of trustees' meeting, the organization reviews the conflict of interest policy, and all officers and board members fill out and sign the conflict of interest form.”

“In 2023, the compensation committee, in establishing total compensation for the officers, reviewed the responsibilities of the officers, his or her background, education, experience and knowledge of the operations of the philosopher's information center. The committee also considered the financial results of the philosopher's information center, the contribution of the employee to the financial results, and the progress of the employee toward the goals of the compensation committee, especially the goal of developing the next generation of senior management. The compensation committee reviewed - the raises and bonuses the officers gave to the staff; the irs checklist for determining the reasonableness of compensation; michael johnston's the real rules around executive compensation; candid's nonprofit compensation report 2022; nonprofit fair pay 2022; the nonprofit times' non profit organizations salary and benefits report 2023; and six recent 990 forms from other nonprofit corporations (american theological library association, rilm, modern language association, american sociological association, american psychological association, and social philosophy and policy center).”

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

“The organization's financial statements are not required to be audited in accordance with gaap. The organization's third party service provider did not do a formal audit, but analyzed the books and records for accuracy.”